激励
Imagine doing 业务 in a state with no corporate income tax, no personal income tax, no 业务 inventory tax, and no personal property tax. If that is not enough to make you think about doing 业务 in South Dakota, consider that we can offer you several financing incentives that make growing your 业务 a reality.
South Dakota’s low cost of doing 业务 and aggressive financing programs can have a substantial effect on your bottom line. When combined with incentives from the community, region and other sources, a Rapid City location makes good bottom-line sense.
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Local 激励
Elevate Rapid City has the ability to tap into local incentive dollars for companies relocating/expanding and creating primary jobs in the Rapid City area. These funds can be used for a variety of needs, including training, 基础设施, 设备, and direct incentive grants for consideration on job creation.
The Rapid Investment Fund has the flexibility to assist 业务es with a variety of needs. It funds the financing gap between what a 业务 needs to expand and what the 业务 has secured through its lender or other sources. The Rapid Investment Fund may also be used to guarantee a loan.
Elevate created a Downtown Façade Loan Program to encourage the revitalization of downtown Rapid City, to stimulate additional private sector investment in the downtown and surrounding area, and to help spur job creation.
劳动力 激励
Highly skilled and qualified 工作ers are harder to come by than ever. The Elevate 搬迁格兰特 is here to provide reimbursement dollars for Black Hills area employers that bring talent from outside South Dakota to live, 工作, and enjoy the Black Hills.
Revitalize the skills of your current employees or access talent as they learn your trade at one of the state’s four technical Colleges by harnessing the power of the Build Dakota Scholarship Industry Partners Program.
The Elevate Rapid City Internship Incentive Grant empowers local employers in the Rapid City region to cultivate a creative talent pipeline by providing financial incentives to offset the costs of internship programs.
The Elevate Rapid City 劳动力 Training Grant Program empowers local employers to upskill, re-skill, or train new and existing employees to meet their unique 工作force needs.
Local Energy Efficiency Programs
Black Hills Energy has energy efficiency programs and offers economic development incentives.
West River Electric Association
West River Electric Association has energy efficiency programs and offers economic development incentives.
Locally Administered 激励
West River Revolving Loan Fund
The revolving loan can provide small 业务 gap financing, as well as help 业务es develop strength to be eligible for bank financing.
The 小企业管理局504年 is a low down-payment, fixed interest rate, long-term loan to provide financing for 固定资产.
Through Rural Electric Economic Development (REED) this loan fund assists projects that promote growth and contribute to job, 业务, and 基础设施 improvements.
State 激励
The 雷迪基金 finances 固定资产 – land, building, 设备 (take-out financing only).
Sales and use tax rebates.
The SD Works Program finances up to $1,000,000 in 设备, permanent 工作ing capital, interim construction (not permanent financing), 固定资产.
The SD小额贷款 finances between $1,000 to $100,000 in 设备, 固定资产, permanent 工作ing capital at a low fixed interest rate.
Matching funds up to $1,000 per employee for training expenses for new employees or a new skill/upgrade for an existing employee. The minimum wage requirement is $15/hour.
Matching funds up to $2,000 per intern (high school or college) for STEM or manufacturing and accounting internships. The minimum pay is $10/hr. Deadlines to apply: March 31st, July 15th, November 15th.